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Journals / Dumlupınar Üniversitesi İİBF Dergisi / 2025 / Sayı: 16

THE IMPACT OF ECONOMIC COMPLEXITY ON ECONOMIC GROWTH: A PANEL COINTEGRATION ANALYSIS FOR OECD COUNTRIES

EKONOMİK KOMPLEKSİTENİN EKONOMİK BÜYÜMEYE ETKİSİ: OECD ÜLKELERİ İÇİN PANEL KOENTEGRASYON ANALİZİ

Ercan Yaşar(DUMLUPINAR ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ)0000-0002-9471-4068
Sena Gedizli0000-0002-0198-0800
Pages
156–167
Publication Date
2025-12-30
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Specifically, a one-unit increase in the ECI variable leads to an estimated 3.014-unit increase in GDPPCG.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In recent years, the concept of economic complexity, developed by Hausmann and Hidalgo (2009), has emerged as a significant analytical framework for explaining the determinants of sustained economic growth.
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Key Findings & Data:Economic complexity helps elucidate the disparities in both income levels and growth performance across countries by capturing the diversity and knowledge intensity embedded in their production structures.
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Conclusion & Impact:Specifically, a one-unit increase in the ECI variable leads to an estimated 3.014-unit increase in GDPPCG.
🔬Design:Araştırma Makalesi
📍Scope:2009 Verileri
⚙️Variables:Ekonomik Karmaşıklık · Ekonomik Büyüme · Panel Eşbütünleşme

Abstract

In recent years, the concept of economic complexity, developed by Hausmann and Hidalgo (2009), has emerged as a significant analytical framework for explaining the determinants of sustained economic growth. Economic complexity helps elucidate the disparities in both income levels and growth performance across countries by capturing the diversity and knowledge intensity embedded in their production structures. This study investigates the impact of economic complexity on economic growth for 36 OECD countries over the period 1995–2019. The relationship between economic complexity and economic growth is examined using panel cointegration analysis. Within this framework, cross-sectional dependence and homogeneity tests are first conducted. Based on these results, appropriate panel unit root tests and subsequently panel cointegration tests are applied to determine whether a long-run equilibrium relationship exists among the variables. Finally, long-run coefficient estimates are obtained. The findings derived from the Common Correlated Effects Mean Group (CCE-MG) estimator reveal that economic complexity (ECI) exerts a statistically significant and positive effect on economic growth (GDPPCG). Specifically, a one-unit increase in the ECI variable leads to an estimated 3.014-unit increase in GDPPCG.

Özet

Son yıllarda Hausmann ve Hidalgo (2009) tarafından geliştirilen ve istikrarlı bir ekonomik büyümenin yaratılması anlamında kulanılan ekonomik kompleksite, ülkelerin hem gelir hem de büyüme farklılıklarını açıklamada yardımcı olmaktadır. Bu çalışmada 36 OECD ülkesinde 1995-2019 yılları arasında ekonomik kompleksitenin, ekonomik büyüme üzerindeki etkisi analiz edilmektedir. Çalışmada ekonomik kompleksite ve ekonomik büyüme ilişkisi panel eşbütünleşme testi ile analiz edilmektedir. Bu kapsamda ilk önce yatay kesit bağımlılığı ve homojenite testi yapılmaktadır. Çıkan sonuçlara göre birim kök testi ve ardından panel eşbütünleşme testi uygulanıp, veriler arası eşbütünleşme ilişkisi olup olmadığına bakılmaktadır. Son olarak ise uzun dönemli katsayı testi uygulanmaktadır. CCE Ortalama Grup tahmincisi modeli sonucunda elde edilen bulgular Ekonomik kompleksitenin (ECI) ekonomik büyüme (GDPPCG) üzerindeki etkisinin istatistiksel olarak anlamlı olduğu ve ECI değişkeninde meydana gelecek bir birimlik artışın GDPPCG değişkenini 3.014 birim artırdığı belirlenmiştir.

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Cite This Article

Yaşar, E., Gedizli, S. (2025). THE IMPACT OF ECONOMIC COMPLEXITY ON ECONOMIC GROWTH: A PANEL COINTEGRATION ANALYSIS FOR OECD COUNTRIES. Dumlupınar Üniversitesi İİBF Dergisi, Sayı: 16, 156–167. https://doi.org/10.58627/dpuiibf.1821719

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